{"id":337562,"date":"2017-04-04T22:00:55","date_gmt":"2017-04-04T14:00:55","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1472155"},"modified":"2017-04-04T22:00:55","modified_gmt":"2017-04-04T14:00:55","slug":"cohesity-raises-90m-series-c-round-for-its-hyperconverged-data-platform","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/cohesity-raises-90m-series-c-round-for-its-hyperconverged-data-platform\/","title":{"rendered":"Cohesity raises $90M+ Series C round for its hyperconverged data platform"},"content":{"rendered":"

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Cohesity<\/a>, a company that helps enterprises to store and manage all of the secondary data they create outside of their production apps, today announced that it has raised over $90 million in a Series C round led by GV (aka Google Ventures) and Sequoia Capital. Sadly, the company\u2019s investor\u2019s won\u2019t let it disclose the exact number, except that it\u2019s over $90 million (and our understanding is that it\u2019s under $100 million, too).<\/p>\n

Cisco Investments and HPE also participated as strategic investors, as well as Accel Ventures, ARTIS Ventures, Battery Ventures, DHVC (formerly Danhua Capital), Foundation Capital, Qualcomm Ventures, Trinity Ventures and Wing Venture Capital.<\/p>\n

The company says it\u00a0decided to go out and look for new funding because it saw \u201ca rapid uptick in customer demand for Cohesity<\/span>\u2019s hyperconverged secondary storage platform, which debuted over one year ago.\u201d<\/p>\n

\u201cHyperconverged<\/a>\u201d is probably my least favorite enterprise buzzword, but it essentially means that you use a single commodity server for storage, compute and networking. In the case of Cohesity, the focus is mostly on the storage of what it calls \u201csecondary data,\u201d that is, backups, test\/dev copies and analytics data \u2014 the inevitably massive data exhaust of running any major application in production. The Cohesity platform includes both the company\u2019s own appliances<\/a> as well as the software tools<\/a>\u00a0that can integrate with the major public cloud platforms to manage\u00a0and analyze the incoming data.<\/p>\n

\u201cGiven the tsunami of data flowing through businesses, hyperconverged secondary storage is now a must-have for enterprise companies. Customers are recognizing the tremendous value that Cohesity<\/span> provides for managing all of their data in a single platform,\u201d said Bill Coughran, partner at Sequoia Capital and Cohesity<\/span> board member in a statement. \u201cMarket interest is driving this round of funding, which will be used to help us meet the accelerating demand.\u201d<\/p>\n

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Featured Image: Mark Horn\/Stone<\/a>\/Getty Images<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Cohesity, a company that helps enterprises to store and manage all of the secondary data they create outside of their production apps, today announced that it has raised over $90 million in a Series C round led by GV (aka Google Ventures) and Sequoia Capital. Sadly, the company’s investor’s won’t let it disclose the exact number, except that it’s over $90 million (and… Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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